5 Points About Same-Day ACH

Using the speedier payment method will be optional, but treasurers must be ready to accept such payments.

By Susan Kelly|April 13, 2016 at 05:51 AM

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When NACHA’s Automated Clearing House (ACH) payments add same-day settlement in September, the new option will come in handy for treasurers in certain situations. But companies aren’t expected to be big users of same-day ACH, at least not initially.

Will companies use same-day ACH?

Currently, ACH payments generally settle in one day. In September of this year, NACHA will roll out same-day settlement for ACH credits, to be followed in September 2017 by same-day settlement for ACH debits.

Same-day ACH will be optional for both banks and companies, but a NACHA survey released last week shows the vast majority of banks that are big ACH originators are on board. All of the 22 banks NACHA surveyed said they will offer same-day ACH by the end of the year.

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